Security Tokens — Where do we stand today?

Description and disclaimer

Below you will find a list of Security/Equity Token Offerings (STOs/ETOs). I was surprised that no comprehensive list existed off-the-shelf. Hopefully, someone finds my list useful. Please share names of STOs missing from my list in the comments, so I can update this article. Thanks.

(This is for informational purposes only and no investment advice / solicitation. DYOR, be careful, only invest what you’re willing to lose, don’t blame me, etc. pp.)

Takeaways

So far, it seems that only cryptoasset infrastructure companies (e.g., tZero), blockchain funds (e.g., Blockchain Capital and Science Blockchain), and tokenized real estate (e.g., St. Regis Aspen Resort) have received significant attention and demand from investors.

There are now also other types of offerings in the pipeline, including traditional companies looking to tokenize their equity. However, the following factors seem to be limiting demand today:

There are few (no?) STO success cases of non-blockchain/crypto companies, yet.

The security token infrastructure is still in its infancy, creating uncertainty around when liquidity will be available to investors. For example, many of the highly speculative Asian funds demand line-of-sight on liquidity.

Not all of the investors in “traditional” company equity understand what STOs are and how to participate in one.

Prevailing scrutiny due to the utility token ICO slowdown.

Thus, the STO fundraising performance of non-crypto companies in the current climate is yet to be seen. However, the situation might change quickly, depending on how fast the infrastructure develops and how regulators play along.

Sources: Web and email newsletter search, vetted via 1-on-1 interviews. Please note that important fundraising milestones of some of the mentioned projects might not be reflected on this list, yet.